ORSAX Performance — North Square Dynamic Small Cap Fund, Class A
Data updated: 2026-09-25
ORSAX returned −12.54% year to date and −31.14% over one year to May 2026. Over one year the fund trailed its US Small Blend category average: $100 grew to $69, against $132 for the category. Volatility over the past 12 months was 13.95% a year. In the 12 months to May 2026 the fund took in a net $101.4M, and assets reached $782.64M.
ORSAX Growth of $100
What $100 invested in North Square Dynamic Small Cap Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Blend category average over the same months.
| Period | ORSAX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $69 | $132 |
| 3 years (Jun 2023 – May 2026) | $22 | $160 |
| Since data start (Mar 2020 – May 2026) | $21 | $170 |
ORSAX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −12.54% |
| 1 year | −31.14% |
3- and 5-year figures withheld: returns differ from sibling classes.
ORSAX Annual Returns
Calendar-year total returns of North Square Dynamic Small Cap Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | −12.54% |
| 2025 | −45.91% |
| 2024 | −43.63% |
| 2023 (Jun–Dec) | −17.90% |
| 2020 (Mar–Aug) | −3.44% |
ORSAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −1.3% | −5.5% | −9.1% | +6.3% | −3.0% | — | — | — | — | — | — | — |
| 2025 | −1.8% | −10.9% | −12.7% | −8.1% | −2.2% | −2.1% | −4.8% | +2.4% | −5.4% | −4.7% | −4.3% | −4.3% |
| 2024 | −8.6% | −1.3% | −1.7% | −10.3% | −0.7% | −6.4% | +3.2% | −6.6% | −4.6% | −7.9% | +4.0% | −13.3% |
| 2023 | — | — | — | — | — | +2.5% | −0.8% | −7.8% | −11.1% | −11.8% | +5.6% | +5.8% |
| 2020 | — | — | −20.4% | +12.3% | +8.1% | 0.0% | 0.0% | 0.0% | — | — | — | — |
ORSAX Risk
Risk measures from monthly returns over Jun 2025 – May 2026.
- 1-year volatility (annualised): 13.95%
- Best month: +6.34% (Apr 2026)
- Worst month: −9.07% (Mar 2026)
ORSAX Fund Flows
Monthly money in and out of North Square Dynamic Small Cap Fund, from SEC Form N-PORT.
- 12-month net flow: $101.4M
- 12-month gross sales (incl. reinvestments): $242.8M
- Sales ÷ redemptions: 1.72×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $10.1M | $12.6M | −$2.5M |
| Apr 2026 | $17.9M | $16.8M | $1.1M |
| Mar 2026 | $21.7M | $7.7M | $14.1M |
| Feb 2026 | $16.5M | $14.5M | $2.0M |
| Jan 2026 | $25.7M | $15.2M | $10.6M |
| Dec 2025 | $49.6M | $14.0M | $35.6M |
| Nov 2025 | $15.3M | $8.1M | $7.2M |
| Oct 2025 | $20.8M | $7.4M | $13.4M |
| Sep 2025 | $9.8M | $8.3M | $1.5M |
| Aug 2025 | $29.4M | $9.4M | $20.1M |
| Jul 2025 | $9.9M | $13.5M | −$3.6M |
| Jun 2025 | $15.9M | $14.0M | $1.9M |
ORSAX Assets Under Management
Net assets of North Square Dynamic Small Cap Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $782.64M |
| 2026-02-28 | $684.96M |
| 2025-11-30 | $612.50M |
| 2025-08-31 | $572.53M |
| 2025-05-31 | $485.79M |
| 2025-02-28 | $446.47M |
| 2024-11-30 | $425.16M |
| 2024-08-31 | $328.26M |
| 2024-05-31 | $248.77M |
| 2024-02-29 | $192.98M |
| 2023-11-30 | $153.03M |
| 2023-08-31 | $119.27M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.